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Just Three Firms Are Driving Europe’s €420 Billion Stock Rout
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The shares of the heavyweights SAP, LVMH and Novo Nordisk dominate the losses on Europe's equity markets and represent more than half of the EUR 420 billion that were destroyed in the first quarter. The former stock market favourites have each lost around 30% in value and unite about 53% of the total market capitalisation losses in Stoxx Europe 600. Sector declines, growing [...] The post Europe's share giants in crisis: SAP, LVMH, Novo break an…
Three European industry giants have triggered more than half of the recent price collapse on Europe's stock exchanges. A mix of weak demand and technological change is causing companies to stumble.
·Luxembourg City, Luxembourg
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